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US remains top arms exporter, but Russia is nipping at its heels

Mar 24, 2015 - The Conversation & Fast Company

The US controlled 31% of the global market for weapons exports from 2010 to 2014, up from 29% from 2005 to 2009, according to the Stockholm International Peace Research Institute (SIPRI), the world’s best-known collector of defense spending and weapons trade statistics. Russia came a close second with 27%, a significant increase from 22% in the prior period, followed by China, Germany and France each with a 5% share of the arms market, wrote Terrance Guay, clinical professor of international finance, in a column. Another version of Guay's column appeared subsequently on Fast Company on March 27.

Fariborz Ghadar: The little hybrid might still be the right choice

Mar 23, 2015 - (Wilkes-Barre) Times Leader

Over the last four months, SUVs and light trucks made up 54 to 55 percent of the new car market, up from 51 percent in the first four months of 2014. Yet, Americans might be a bit too hasty. While oil prices might not climb to prior lofty levels, the market will return, said Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and Director of the Center for Global Business Studies, in a column.

6 reasons why improving security is so hard

Mar 16, 2015 - InfoWorld.com

Evan Pugh Professor and Smeal Chaired Professor of Management Donald Hambrick's landmark 2007 study titled "It's All About Me" was cited in a story about why so few companies implement well-known best practices for enterprise security.

Net Impact Hosting Smeal Corporate Citizenship Conference

Mar 11, 2015 - Onward State

Penn State’s chapter of Net Impact will host the Smeal Corporate Citizenship Conference later this month, bringing in nine major businesses and a keynote speaker to discuss integrity, sustainability, and corporate social responsibility (or CSR). Corporate citizenship is the idea that businesses should be socially responsible and aim to enrich communities in which they operate.

Report: These local schools have the best MBA programs

Mar 10, 2015 - Philadelphia Business Journal

The Penn State Smeal Executive MBA Program, based in suburban Philadelphia, was named with two other Philly area schools as one of the best business schools in the nation at which to earn a full-time MBA.

Lavin named executive director of Institute for the Study of Business Markets

Mar 06, 2015 - ITBusinessNet.com

Penn State Smeal's Institute for the Study of Business Markets (ISBM), which connects academic research with business-to-business marketing practitioners around the globe, has announced the appointment of Suzanne Lavin as its executive director. She replaces Ralph Oliva, who will step down on April 6 after nearly 20 years as executive director.

Here's one way to attract the best and brightest to the U.S. - and keep them here

Mar 03, 2015 - PennLive.com

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning Director, Center for Global Business Studies, wrote a column for Pennlive.com that said, in part, "In order for the U.S. to compete in the increasingly technical world, we must change our policies to accept contributions from the brightest minds regardless of birthplace."

Disgust and Self Interest

Feb 26, 2015 - BizEd

In a study involving 600 participants, researchers found that individuals were more likely to engage in self-interested behaviors such as lying and cheating after writing essays or viewing film scenes that provoked feelings of disgust than those who had not. The experiment, which involved equal numbers of men and women, was part of a study co-authored by Karen Winterich, Frank and Mary Smeal Research Fellow and associate professor of marketing.

Four CEOs have survived since Nasdaq last hit 5,000

Feb 25, 2015 - CNBC.com

Donald Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, told CNBC.com that four CEOs who have been in place since the last time the Nasdaq hit 5,000 share common traits.
"The two things that strike me is that they are not only not just business innovators, they are organizational builders," Hambrick said.

How The Best Undergrad Programs Prep Students For The Job Market

Feb 25, 2015 - Poets and Quants (For Undergrads)

Meg Handley, managing director of Smeal's Office of Career and Corporate Connections, is quoted extensively throughout, detailing the innovative ways her office prepares Smeal students for the job market.

Today’s Supply Chain Education: It’s All in Your Head

Feb 15, 2015 - Inbound Logistics

John Jordan, Smeal clinical professor of supply chain & information systems, was quoted about 3D printing, product provenance and supply chain transparency. He was also cited for topics in his class "Topics in Supply Chain Management." In the same article, Gary Gittings, instructor in supply chain and information systems, was quoted about students being exposed to advanced technology to use big data.

Saudi Succession Stirs Oil Markets, But Stability Expected — For Now

Jan 23, 2015 - U.S. News & World Report

With the oil market seeing the lowest prices for crude in five years and Saudi Arabia thus far declining to stem output in response, policymakers and economists are wondering whether succession in the kingdom could lead to a strategy shift from the world's second-largest petroleum producer. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning, and Director of the Center for Global Business Studies, said the death of Saudi Arabia's King Abdullah shouldn't cause any major changes.

MBA Students Learn Leadership from the Wild

Jan 18, 2015 - Poets and Quants

An article about MBA leadership training in the wild mentions a program headed by Student Services Director Erik Orient.

The U.S. needs a Marshall Plan for the Middle East: Fariborz Ghadar

Dec 02, 2014 - PennLive.com

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, wrote an op-ed piece about the United States' foreign policy in the Middle East.

Ghadar Says Trade a Problem for Proposed ISIS Currency

Nov 17, 2014 - Marketplace

An article on ISIS, the so-called Islamic State, planning to issue its own currency quotes finance professor Fariborz Ghadar:

“Imagine somebody wants to buy wheat from a trader in Iraq and wants to use it in Damascus," Ghadar said. "Does that mean then you have to put gold in a truck and ship it and exchange it for the wheat that’s coming? And then what happens if on the middle of the road, somebody steals your gold?”

Falling Gas Prices Get Thumbs Up From State College Drivers

Nov 15, 2014 - StateCollege.com

A StateCollege.com article about falling gas prices locally and nationally explores the reasons behind the drops. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, offered his insights into the global factors that have contributed to the phenomenon.

"China’s growth has slowed down," Ghadar says. "Japan and Europe are becoming more energy efficient. The United State’s oil production has grown rapidly. All these factors have caused oil prices to decline globally as well as in the U.S."

You’re Fired! And We Really Mean It!

Nov 04, 2014 - The Wall Street Journal

Smeal's Don Hambrick is quoted in a recent Wall Street Journal article about CEO dismissals and how some companies are becoming more forthright in declaring termination of their leaders.

CEO dismissals used to be “shrouded and euphemized,” according to Donald Hambrick, a management professor at Pennsylvania State University’s Smeal College of Business. He traces companies’ more forthright firing style back to high-profile ousters in the mid-1990s at companies including Eastman Kodak Co. and General Motors Co.

“A lot of boards take some satisfaction in being able to declare to the world that they fired the person,” Mr. Hambrick said. An obvious dismissal is a way for a board to signal that it’s “awake and willing to exert itself,” he added.

Doubts Linger as HP Poises for a Split

Oct 13, 2014 - The New York Times

A study by Smeal finance professors James Miles and J. Randall Woolridge was mentioned in a New York Times article about Hewlett-Packard's recent announcement that the company will split into two new companies. The study shows that of 174 spinoffs from 1965 to 1994 that the stock prices of those companies rose an average of 76 percent in the five years after they were spun off, compared with a 31 percent gain in the Standard & Poor’s 500-stock index. The study also found that spun-off companies were three times more likely to be acquired. See the full article.

GE to Give Penn State $10M for Gas Drilling Center

Sep 25, 2014 - Associated Press

In an article from The Associated Press, Charles Whiteman, the John and Becky Surma Dean of the Smeal College of Business, discusses the formation of Penn State's new Center for Collaborative Research on Intelligent Natural Gas Supply Systems. A $10 million investment from GE will support the center, which is a collaborative effort among Smeal and three other colleges at the University.

Research: How to Keep Wimps and Cronies Off Company Boards

Sep 18, 2014 - Bloomberg Businesweek

New research from Smeal's Don Hambrick, Vilmos Misangyi, and Chuljin Park examines how to identify a corporate director's potential for effectiveness in monitoring and punishing misconduct among corporations and their managers.

"In an exploratory paper presented at the Academy of Management’s annual meeting in August, Penn State University professors offered their formula for board effectiveness. Good board directors have four qualities: independence, expertise, bandwidth, and motivation. One or two won’t cut it."

Aging Will Reduce Economic Growth Worldwide in Coming Decades

Sep 17, 2014 - Voice of America

Voice of America interviewed Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning and Director for the Center for Global Business Studies on the economic ramifications of our increasingly aging world. Already Japan, Germany, and Italy have populations where 20 percent or more of the population is 65 or older. Though the United States has not yet experienced the effects, this is mainly because of immigrant populations' heightened birth rates, Ghadar explains. Listen to the full interview.

A Study in Sustainability: How Schools are Stepping Up

Aug 28, 2014 - U.S. News

This U.S. News & World Report article talks about Smeal's strides in incorporating sustainability into the curriculum:

One school that is focusing on encouraging students to think creatively about these issues is the Smeal College of Business at the Pennsylvania State University. The college developed a Sustainability Strategic Plan in 2013, which included implementing courses across the curricula emphasizing green practices, Penn State News reported.

Colorado, U.S. need their immigrants

Aug 16, 2014 - Pueblo Chieftain

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, contributed this opinion piece to the Pueblo Chieftain regarding Colorado's stakes in the immigration reform debate:

"Considering the impact immigrants have in Colorado’s start-up sector and agricultural industry, it should come as no surprise that the state is home to The Colorado Compact. This bipartisan group advocates for immigration reform — an effort more Coloradans should support given the current state of our country."

Why female superstars are often overlooked

Aug 16, 2014 - Jakarta Post

This article in the Jakarta Post on recognition of female expertise within organizations cites research from Aparna Joshi, associate professor of management and organization:

"When a female assesses others, the better their education is, the higher she will rate them. That sounds simple and logical, and you probably think you would do the same. But that could depend on your gender: when a male assesses others, he will rate them higher when they are male and will ignore their education. This is a pretty big difference."

President Misses the Mark on Inversion Blame

Aug 15, 2014 - CPA Now

Edward Jenkins, instructor in accounting, contributed this piece to CPA Now on who's to blame for corporate inversions:

"The President's statement is off the mark. It was Congress, not accountants, that enacted the incredibly complex international tax regime in the first place."

3D printing 'turning supply chains into ecosystems'

Aug 13, 2014 - Supply Management

This article at Supply Management references a study from Christopher Craighead, the Rothkopt Professor of Supply Chain Management:

"The technology of 3D printing and other developments are turning supply chains into 'supply ecosystems,' according to academic research."

The Amazing Deals Most Consumers are Overlooking

Aug 11, 2014 - CNBC

Research from Smeal faculty Meg Meloy, associate professor of marketing, and Dan Guide, Smeal Chaired Professor of Supply Chain Management, is cited in this article on remanufactured products:

""Consumers are willing to adopt certain classes of refurbished goods if they're priced properly, especially tech products," Daniel Guide, an author of the study and a chair professor of supply chain management at Smeal, told The Fiscal Times."

Look who's innovating: Japan continues to blaze trails but with a lower profile

Jul 30, 2014 - IT World

An article from IT World on technological innovation in Japan cites Fariborz Ghadar, director of the Center for Global Business Studies:

"'Japan could have spared itself two lost decades if it had done more to open its economy to the outside world,' said [Ghadar]."

A new study on charity has important lessons for the social safety net

Jul 28, 2014 - Vox

An article on Vox.com on charitable giving cites a recent study from the Journal of Consumer Research, authored by Associate Professor of Marketing Karen Winterich and colleagues:

"In a new study in the Journal of Consumer Research, researchers pick apart what makes us tighten our purse strings. And what it finds may have implications not only for people's charitable giving but also how they feel about how Washington spends their tax dollars."

Kentucky's vested interest in immigration reform

Jul 25, 2014 - The Courier-Journal (Louisville, KY)

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, contributes an opinion piece on Kentucky's stake in the immigration reform debate:

"Following the new millennium, Kentucky witnessed staggering growth to its immigrant population. These residents brought business and a new labor force, strengthening the state's economy. This reason alone necessitates that Kentuckians have a vested interest in immigration reform."

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